Cryptocurrency Daily Discussion Megathread - June 7, 2018

Daily Discussion Megathread - June 7, 2018
Big event for Crypto. This should spark custodial investor confidence
Binance CEO reveals the company is one step closer to offering fiat-crypto trading, has already set up a bank account in Malta
Mike Novogratz says Institutional money is getting ready to move in and Crypto market will likely reach $20 trillion.
Anyone else amazed at the amount of good news that has come out in the past few weeks?
Coinbase - Our path to listing SEC-regulated crypto securities
New infographics video about Nano: Fast, Feeless and Environmentally Friendly
Peer-to-peer smart derivatives
Coinbase to Become First Broker-Dealer to Offer SEC-Regulated Crypto Securities
Final update on my missing USD 34,000 with CEX.io
SEC still won’t treat Bitcoin as a security
Monero Officially Listed on Huobi
Trillion-dollar US investment giant is reportedly creating a cryptocurrency exchange to help digital assets hit the mainstream
QuarkChain is a scam
[Nick Szabo] Somebody must interpret for the holders the very technical real-world acts of block producers. Thus EOS will depend on a labor-intensive, subjective, unpredictable, and biased bureaucracy. They've thrown out best parts of blockchain tech and replaced them with bad governance.
Slovenia is Home to Worlds First Crypto Friendly Mall
Finance Industry Slams Google’s Crypto Ban As ‘Unethical’ and ‘Unfair’
Extracting the private key from a Trezor with a $70 oscilloscope.
Check out AMA with PolySwarm CEO, Steve Bass talk about their recent Beta Release
Fidelity building a Cryptocurrency Exchange
Everything about Elastos (ELA) In 15 minutes or Less
IOTA Launches Open Community Project IOTA Lab
Warning: Valorem ICO Review
Nebulas Incentive Program: 2100 dApps running on mainnet!
DataDash - June Top 3 picks: NANO, NULS, POA
The 10 Largest Companies In the World Are Now Exploring Blockchain

Daily Discussion Megathread - June 7, 2018

Posted: 06 Jun 2018 10:49 PM PDT

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submitted by /u/CryptoCurrencyMod
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Big event for Crypto. This should spark custodial investor confidence

Posted: 06 Jun 2018 07:37 PM PDT

submitted by /u/GSDDuke
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Binance CEO reveals the company is one step closer to offering fiat-crypto trading, has already set up a bank account in Malta

Posted: 06 Jun 2018 08:45 AM PDT

submitted by /u/nvrmnd_tht_was_dumb
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Mike Novogratz says Institutional money is getting ready to move in and Crypto market will likely reach $20 trillion.

Posted: 06 Jun 2018 06:41 PM PDT

submitted by /u/Jumpingcords
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Anyone else amazed at the amount of good news that has come out in the past few weeks?

Posted: 06 Jun 2018 10:48 PM PDT

Is anyone else sort of blown away by all the good news that's been coming out the past few weeks?

Let me sum up everything just off the top of my head:

Coinbase launches suite of products aimed at institutions and solves problem of custodianship for big investors.
Bittrex starts to add fiat pairs to their exchange.
Binance adding fiat pairs in near future.
NYSE parent company ICE, NASDAQ, and now Fidelity are looking into building cryptocurrency trading platforms.
President of China says blockchain is a very important technology, potentially signaling crypto ban reversal.
SEC chairman said TODAY that Bitcoin is not a security, potentially clearing up the last barrier for big institutional money ( the other barrier being custodianship that I mentioned earlier )
Coinbase just announced today that they're on their way to being a broker for SEC regulated crypto securities.

Like holy shit that is A LOT of good news. Anyways the point of my post is, I think the writing is really on the walls now guys. If you weren't bullish about crypto before I think all of the above should give you every reason to be now.

EDIT: I've seen some comments asking why all this good news isn't being reflected in market prices. I actually made a video covering that topic and why I think 2018 can still be a really bullish year for cryptocurrencies:

https://www.youtube.com/watch?v=Dqt7FePOcGY

I feel even more strongly about this after the news broke today regarding points 6 and 7.

submitted by /u/phil917
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Coinbase - Our path to listing SEC-regulated crypto securities

Posted: 06 Jun 2018 03:08 PM PDT

submitted by /u/z1gor
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New infographics video about Nano: Fast, Feeless and Environmentally Friendly

Posted: 06 Jun 2018 02:55 PM PDT

submitted by /u/bortkasta
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Peer-to-peer smart derivatives

Posted: 07 Jun 2018 01:12 AM PDT

submitted by /u/EtherAcombact
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Coinbase to Become First Broker-Dealer to Offer SEC-Regulated Crypto Securities

Posted: 06 Jun 2018 07:43 PM PDT

submitted by /u/BitcoinMafia
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Final update on my missing USD 34,000 with CEX.io

Posted: 06 Jun 2018 07:44 PM PDT

I didn't want to update my dealings with cex.io but u/cex_io had the audacity to ask me to update my post, so I will.

Since my previous post, cex.io has reverted the monies back into my account and this is the only positive about this post.

It took them 44 days from taking the money (USD 34,000+) out from my account to putting the money back into my account. During which, when I asked for answers, I was ignored and then claimed the monies was sent. After I sent my statutory demand letter, of which they have 21 days to reply otherwise they will be deemed insolvent, only then do I get my money back.

What's more appalling is the reason for their failure and how irresponsible they continue to act. They claimed that

"we would like to emphasize that we do not hold your funds, CEX.IO does not use its own bank accounts for sending transfers to the clients. Instead, we are using the services of licensed financial institutions to transfer your funds. Currently, our partnering company is overloaded with requests. Therefore, we had to revert your funds back to your CEX.IO account, otherwise it would take a lot of time for your funds to reach your bank account. We fully understand that it will cause certain inconvenience, but we do take care of the safety of your funds and cannot support inadequate processing timeframes."

and "Unfortunately, at a certain moment, we are experiencing significant difficulties with translations in US dollars due to unsatisfactory provision of payment provider services, which violated both its terms of cooperation and its guarantees. In connection with the above, kindly ask you to provide us with other opportunities for the implementation of your transfer - for example, using the SEPA system, or return of your transfers to the CEX account. We are also bound by the terms of confidentiality, so we can not provide you with the payment provider's contacts for the moment. On our part payment has been processed properly."

and then "as I repeatedly wrote to you - we are not responsible for the actions of third parties - payment providers. Taking into account this fact and the fact that we have processed all your instructions on time, there are no legal grounds for compensation to you."

They straight out denied taking any responsibility for all that happened and refused any form of compensation.

but wait there's more!

You know those money that was reverted back to my account? I ended up transferring most of it via credit card. Afaik, the commission was over 1.2% on CEX.io's end. And since my credit card is not denominated in USD, I was charged a further commission and fx rate by my bank to convert it to my local currency. Overall, I estimate I lost over 3% in commission by using credit card withdrawal.

By the end of everything, I was so exhausted having to deal with such an company that I didn't want to say anything more. This is a company that makes you jump through hoops to get anything done. u/CEX_io, I've updated my post as per your request, if I misrepresented you or cex.io in any way in my post, you can reply here or PM me and I'll amend my post accordingly. To my fellow crypto-enthusiasts, caveat emptor.

submitted by /u/fiercebitcoin
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SEC still won’t treat Bitcoin as a security

Posted: 06 Jun 2018 09:04 PM PDT